Captrust Financial Advisors Acquires 249,316 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Captrust Financial Advisors grew its position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 44.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 813,960 shares of the company's stock after buying an additional 249,316 shares during the quarter. Captrust Financial Advisors' holdings in Aurora Innovation were worth $4,819,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Aurora Innovation by 26.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company's stock valued at $49,875,000 after purchasing an additional 1,776,513 shares during the last quarter. Sterling Investment Advisors Ltd. bought a new stake in shares of Aurora Innovation during the 3rd quarter valued at approximately $1,184,000. Creative Planning bought a new stake in shares of Aurora Innovation during the 3rd quarter valued at approximately $652,000. The Manufacturers Life Insurance Company grew its holdings in shares of Aurora Innovation by 67.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 500,535 shares of the company's stock valued at $1,386,000 after purchasing an additional 202,413 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of Aurora Innovation during the 3rd quarter valued at approximately $2,681,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the transaction, the director now owns 344,647 shares in the company, valued at approximately $2,171,276.10. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Reid Hoffman sold 3,500,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the completion of the transaction, the director now directly owns 382,425 shares in the company, valued at $2,133,931.50. This trade represents a 90.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,776,667 shares of company stock valued at $48,432,337. 13.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

AUR has been the topic of several research reports. The Goldman Sachs Group lifted their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a report on Monday, November 4th. Evercore ISI boosted their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a report on Monday, October 14th. Wolfe Research assumed coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They set a "peer perform" rating on the stock. TD Cowen boosted their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $7.00 target price on shares of Aurora Innovation in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Aurora Innovation has an average rating of "Hold" and a consensus price target of $4.63.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR traded up $0.11 during trading on Wednesday, reaching $6.03. The stock had a trading volume of 7,485,704 shares, compared to its average volume of 8,992,892. The firm's fifty day moving average is $5.90 and its 200 day moving average is $4.36. Aurora Innovation, Inc. has a 52 week low of $2.10 and a 52 week high of $7.01. The stock has a market cap of $10.36 billion, a price-to-earnings ratio of -12.08 and a beta of 2.86.

Aurora Innovation Company Profile

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.